By Phil Franz-Warkentin, Commodity News Service Canada
WINNIPEG, Dec. 12 (CNS Canada) – ICE Futures canola contracts were trading to both sides of unchanged Wednesday morning, lacking any clear direction.
Gains in Chicago Board of Trade soybean and soyoil contracts provided some spillover support for the Canadian oilseed.
Improving crush margins and supportive chart signals also helped underpin the market, according to participants.
However, uncertainty over trade relations with China kept some caution in the futures. A firmer tone in the Canadian dollar also weighed on values.
About 5,300 canola contracts had traded as of 8:47 CST.
